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NameSilo nets $1.5 million profit

Kevin Murphy, March 28, 2019, 15:58:08 (UTC), Domain Registrars

Fast-growing registrar NameSilo yesterday reported its financial results for 2018.

The Canadian company reported revenue of CDN 17.2 million ($13.3 million) for the year, up from CDN 10.4 million ($8.1 million) in 2017.

Net income was CDN 1.92 million ($1.48 million), compared to CDN 565,000 ($435,000).

Bookings were CDN 28.78 million ($21.45 million), up from CDN 14.04 million ($10.81 million) in 2017.

These are the results of NameSilo LLC, the operating registrar subsidiary of the listed entity, NameSilo Technologies Corp, which is listed on the Canadian pink sheets. The former reversed into the latter in August.

NameSilo says it has added 850,000 new domains under management since then, and now has about 2.7 million names.

According to the most-recent registry transaction reports, NameSilo was the second-fastest growing gTLD registrar in November and the 16th-largest by DUM. It ranks higher if you group registrar accreditations into families.

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Comments (2)

  1. hooman says:

    how the hell are they making so much selling for barely above cost?

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